US shelves plans for investment ban on Alibaba, Tencent, Baidu
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Dhaka, Jan. 14 -- The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, providing a brief reprieve to Beijing's top corporates amid a broader crackdown by Washington.
Washington nonetheless plans to move forward this week with a bid to add as many as nine other Chinese companies to the list, one of the people said.
The decision to shelve plans to add the Chinese tech giants is a blow to China hawks in the administration, who have been seeking to cement outgoing President Donald Trump's tough-on-China legacy before his presidency ends on Jan. 20.
Retailer Alibaba, search engine giant Baidu and video game leader Tencent, which owns messaging app...
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